Investments - Summary of Changes in Assets Measured at Fair Value Using Significant Unobservable Inputs (Details) - USD ($)
|
3 Months Ended |
6 Months Ended |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Change in unrealized appreciation/depreciation included in earnings related to Level 3 investments still held at reporting date |
$ (10,312,214)
|
$ 7,779,026
|
$ (11,610,598)
|
$ 4,888,730
|
| Level 3 |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
85,734,727
|
70,818,041
|
69,816,062
|
| Total realized gains, net |
|
|
925,332
|
(831,891)
|
| Total unrealized (losses) gains |
|
|
(11,610,598)
|
8,749,945
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
1,677,704
|
11,754,635
|
| Repayments and sales of securities |
|
|
(9,446,225)
|
(3,754,024)
|
| Ending balance, of Level 3 Assets |
52,364,254
|
|
52,364,254
|
|
| Change in unrealized appreciation/depreciation included in earnings related to Level 3 investments still held at reporting date |
|
|
(10,890,598)
|
7,620,790
|
| Level 3 | Autotality (formerly Filterworks Acquisition USA, LLC) |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
73,675
|
|
| Level 3 | FSS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(497,619)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
435,031
|
107,619
|
| Repayments and sales of securities |
|
|
|
(34,838)
|
| Level 3 | Caitec |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
324,366
|
283,170
|
| Level 3 | Carolina Skiff |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(442,755)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
34,755
|
|
| Level 3 | FCM |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
484,837
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
24,893
|
22,623
|
| Level 3 | Filterworks |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
|
(196,226)
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
102,396
|
| Level 3 | GoNoodle |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
(25)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
7,211
|
7,139
|
| Level 3 | Hilton Displays |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
10,646
|
| Repayments and sales of securities |
|
|
(1,071,824)
|
|
| Level 3 | Highland |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
64,176
|
61,973
|
| Level 3 | EFINEA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
488,235
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
25,392
|
| Level 3 | ITA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(875,000)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
375,000
|
449,086
|
| Level 3 | Knoa |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
|
(1,229,155)
|
| Total unrealized (losses) gains |
|
|
|
1,129,155
|
| Level 3 | Lumious |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(189,944)
|
|
| Level 3 | Mattison |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
5,572,902
|
| Repayments and sales of securities |
|
|
(5,572,902)
|
(1,894,470)
|
| Level 3 | Microcision |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
55,357
|
|
| Repayments and sales of securities |
|
|
(55,357)
|
|
| Level 3 | Mobile IV Nurses |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
125,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
12,617
|
|
| Level 3 | MRES |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(739,352)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
239,352
|
3,210,545
|
| Level 3 | Pressure Pro |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
870,000
|
|
| Total unrealized (losses) gains |
|
|
(720,000)
|
470,000
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
22,445
|
37,637
|
| Repayments and sales of securities |
|
|
(2,625,150)
|
(1,427,452)
|
| Level 3 | SciAps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
|
5,586,016
|
| Level 3 | Seybert |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
256,000
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
64,183
|
1,863,507
|
| Repayments and sales of securities |
|
|
(120,992)
|
|
| Level 3 | Tilson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
|
397,264
|
| Total unrealized (losses) gains |
|
|
(9,500,000)
|
1,761,000
|
| Repayments and sales of securities |
|
|
|
(397,264)
|
| Level 3 | Loan investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
16,828,665
|
15,037,873
|
12,417,977
|
| Total unrealized (losses) gains |
|
|
(1,064,944)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
699,366
|
6,305,158
|
| Repayments and sales of securities |
|
|
(5,572,902)
|
(1,894,470)
|
| Transfers within Level 3 |
|
|
(4,799,278)
|
|
| Ending balance, of Level 3 Assets |
4,300,115
|
|
4,300,115
|
|
| Level 3 | Loan investments | Caitec |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
324,366
|
283,170
|
| Level 3 | Loan investments | ITA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(875,000)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
375,000
|
449,086
|
| Level 3 | Loan investments | Lumious |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(189,944)
|
|
| Level 3 | Loan investments | Mattison |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
5,572,902
|
| Repayments and sales of securities |
|
|
(5,572,902)
|
(1,894,470)
|
| Level 3 | Debt investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
40,476,548
|
38,043,721
|
36,861,525
|
| Total unrealized (losses) gains |
|
|
(254,515)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
943,583
|
5,077,313
|
| Repayments and sales of securities |
|
|
(2,917,966)
|
(1,462,290)
|
| Transfers within Level 3 |
|
|
4,799,278
|
|
| Ending balance, of Level 3 Assets |
40,614,101
|
|
40,614,101
|
|
| Level 3 | Debt investments | Autotality (formerly Filterworks Acquisition USA, LLC) |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
73,675
|
|
| Level 3 | Debt investments | FSS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
435,031
|
|
| Repayments and sales of securities |
|
|
|
(34,838)
|
| Level 3 | Debt investments | FCM |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
484,837
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
24,893
|
22,623
|
| Level 3 | Debt investments | Filterworks |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
102,396
|
| Level 3 | Debt investments | GoNoodle |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
7,211
|
7,139
|
| Level 3 | Debt investments | Hilton Displays |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
10,646
|
| Repayments and sales of securities |
|
|
(1,071,824)
|
|
| Level 3 | Debt investments | Highland |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
64,176
|
61,973
|
| Level 3 | Debt investments | EFINEA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
25,392
|
| Level 3 | Debt investments | Mobile IV Nurses |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
12,617
|
|
| Level 3 | Debt investments | MRES |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(739,352)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
239,352
|
2,946,000
|
| Level 3 | Debt investments | Pressure Pro |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
22,445
|
37,637
|
| Repayments and sales of securities |
|
|
(1,725,150)
|
(1,427,452)
|
| Level 3 | Debt investments | Seybert |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
64,183
|
1,863,507
|
| Repayments and sales of securities |
|
|
(120,992)
|
|
| Level 3 | Equity investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Ending balance, of Level 3 Assets |
|
$ 28,429,514
|
17,736,447
|
20,536,560
|
| Total realized gains, net |
|
|
$ 925,332
|
(831,891)
|
| Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
|
|
Realized Investment Gains (Losses)
|
|
| Total unrealized (losses) gains |
|
|
$ (10,291,139)
|
$ 8,749,945
|
| Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
|
|
Change in unrealized appreciation/depreciation included in earnings related to Level 3 investments still held at reporting date
|
Change in unrealized appreciation/depreciation included in earnings related to Level 3 investments still held at reporting date
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
$ 34,755
|
$ 372,164
|
| Repayments and sales of securities |
|
|
(955,357)
|
(397,264)
|
| Ending balance, of Level 3 Assets |
$ 7,450,038
|
|
7,450,038
|
|
| Level 3 | Equity investments | FSS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(497,619)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
107,619
|
| Level 3 | Equity investments | Carolina Skiff |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
(442,755)
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
34,755
|
|
| Level 3 | Equity investments | Filterworks |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
|
(196,226)
|
| Level 3 | Equity investments | GoNoodle |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
(25)
|
|
| Level 3 | Equity investments | EFINEA |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
488,235
|
|
| Level 3 | Equity investments | Knoa |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
|
(1,229,155)
|
| Total unrealized (losses) gains |
|
|
|
1,129,155
|
| Level 3 | Equity investments | Microcision |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
55,357
|
|
| Repayments and sales of securities |
|
|
(55,357)
|
|
| Level 3 | Equity investments | Mobile IV Nurses |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
125,000
|
|
| Level 3 | Equity investments | MRES |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Purchases of securities/changes to securities/non-cash conversions |
|
|
|
264,545
|
| Level 3 | Equity investments | Pressure Pro |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
870,000
|
|
| Total unrealized (losses) gains |
|
|
(720,000)
|
470,000
|
| Repayments and sales of securities |
|
|
(900,000)
|
|
| Level 3 | Equity investments | SciAps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
|
5,586,016
|
| Level 3 | Equity investments | Seybert |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total unrealized (losses) gains |
|
|
256,000
|
|
| Level 3 | Equity investments | Tilson |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Total realized gains, net |
|
|
|
397,264
|
| Total unrealized (losses) gains |
|
|
$ (9,500,000)
|
1,761,000
|
| Repayments and sales of securities |
|
|
|
$ (397,264)
|